Industry Overview
What You Need To Know
What is the Franchise handyman Industry Overview So Far?
A market report released in 2023, measured by revenue, states that the Australian tradesperson and handyperson industry is valued at around $1.2bn
Franchising in Australia equates to $203 billion of the nation’s GDP, representing approximately 1,307 businesses with over 600,000 employees.
Franchising is the only Australian industry sector regulated by a Code of Conduct, administered by the Australian Competition and Consumer Commission (ACCC). Additionally, franchising provides substantial security.
What factors affect growth of the Tradesperson and Handyman Franchises industry in Australia?
- The primary factors positively affecting this industry are medium revenue volatility and capital expenditure on private dwellings.
- An increasing number of Australians who lack the expertise or time to perform tasks around the home or workplace;
- A consistent rise in the number of commercial properties and households requiring maintenance;
- Homeowners increasing capital expenditure in their homes, whether by necessity or through decisions to renovate and perform maintenance work.
Most Australians aspire to two things: to own their home and to be their own boss. These visions play an integral part in Australian society, with housing acting as a significant economic indicator, and small business offering opportunities for increased personal wealth and employment.
Starting a small business independently is challenging and can be risky, However, those motivated to establish their own business should aim to mitigate and dramatically reduce the risks by considering franchising opportunities.
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